Hempacco Regains Compliance with Nasdaq Minimum Bid Price Requirement

Hempacco Co., Inc. has successfully maintained a closing bid price of $1.00 or more per share over ten trading days, meeting Nasdaq's minimum bid price requirement and bolstering its market compliance.

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Image Credits: Hempacco

San Diego, California-based Hempacco Co., Inc., a renowned vertically integrated hemp manufacturing enterprise, announced that it has successfully regained compliance with the minimum bid price requirement stipulated by Nasdaq. The important milestone was ascertained through a letter acquired from Nasdaq on March 26, 2024, which marks a crucial point for the company’s financial condition and presence in the stock market.

The Nasdaq Stock Market informed Hempacco that it had carefully scrutinized the company’s stock performance over the past ten consecutive trading days: from March 13, 2024, to March 26, 2024. This review indicated that Hempacco satisfactorily maintained a closing bid price of $1.00 or more per share. As a result, the company adhered to Listing Rule 5550, effectively addressing concerns related to bid price compliance.

About Hempacco – Disrupting the Tobacco Industry

Hempacco Co., Inc. is on a mission to revolutionize the tobacco industry, which is valued at almost $1 trillion, by introducing unique alternatives to traditional nicotine cigarettes, focusing on hemp and herb-based options. Their approach includes creating a variety of smokable products infused with herb spices and cannabinoids, as well as producing hemp rolling papers. Hempacco’s diverse operations encompass several areas:

  • Production of various smokables, hemp-infused rolling papers, and sticks containing cannabinoids
  • Advancement and innovation in the technology of smokable products
  • Offering The Real Stuff™ brand, which includes a range of functional smokable items and rolling papers
  • Launching Cheech and Chong-branded hemp cigarettes
  • Collaborating with Rick Ross on Hemp Hop Smokables
  • Partnering in a joint venture with Snoop Dogg for products derived from hemp

A Positive Future

Through continuous innovation in the promotion of hemp- and herb-based smoking alternatives, Hempacco effectively reinforces its standing as an industry leader and disruptor. By successfully navigating the complexities of Nasdaq compliance and maintaining a consistent stock performance, Hempacco illustrates its commitment to delivering value both for shareholders and consumers who seek healthier options within the evolving tobacco landscape.

Rita Ferreira

Rita Ferreira

Rita is a seasoned writer with over five years of experience, having worked with globally renowned platforms, including Forbes and Miister CBD. Her deep knowledge of hemp-related businesses and passion for delivering accurate and concise information distinguish her in the industry. Rita's contributions empower individuals and companies to navigate the complexities of the cannabis world, and her work remains a valuable resource for those seeking a deeper understanding of its potential.

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